How does debt settlement effect my credit?
When you enter into a debt settlement program, your credit will take a hit. However, when you are so deep in debt that you need a debt settlement program, chances are high that your credit score is already suffering. With Superior Debt Relief you can fix most of the damage done to your credit score because you go through 3 cycles of credit restoration following the program. With credit counsling, no such restoration is possible and a TPA (third part assisance) will appear on your credit report. This is just as bad as a Chapter 13 bankruptcy! Before entering into any credit counseling program, ask about this.
This post was created by Superior Debt. If anybody cares to comment on the validity of this post, by all means do so. Only comments that attempt to advertise another website will be removed.
Superior Debt Relief
This post was created by Superior Debt. If anybody cares to comment on the validity of this post, by all means do so. Only comments that attempt to advertise another website will be removed.
Superior Debt Relief
posted by Superior Debt Relief @ 2:01 PM
2 Comments:
At 7/11/2008 4:08 AM ,
Anonymous said...
What is involved in the "three cycles of restoration"? I don't understand what that means..
At 8/07/2008 4:31 PM ,
Anonymous said...
Good question. This is essentially the process of disputing the information on your credit report. If a creditor does not respond to the dispute, the negative mark must be removed. If the account has been settled, usually a creditor will not dispute the information and it is then removed. This process is repeated three time will the information on your credit report.
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